>> joe reilly. >> round of applause for all of our mayors. [ applause ] all right. you. >> the brookings institution will hold a discussion tomorrow in the budget scoring process. economists and tax policy experts look at the drafting of budgets and the steps to make information available to the public. that is live at 9:30 a.m. eastern on c-span two. then we will hear from the congressional budget office director who will be releasing the updated budget productions -- budget projections through 2025 to stop that is also on c-span two. >> monday night on "the communicators" -- a discussion on net neutrality, reclassifying broadband as a net -- as a utility. >> i believe there is a bipartisan consensus that has been in place for almost two decades that has served us pretty well. the clinton fcc decided the internet would be an information service, not a more heavily regulated television service. the chairman of both local parties recognize that like regulation was a way to incentivize rod ban the pleasant stop both parties, the fcc and capitol hill, realize light tou

>> joe reilly. >> round of applause for all of our mayors. [ applause ] all right. thank you. >> i please to bring our next speaker out. since he was elected mayor to the great city of new york one year ago, he has not missed a winter annual meeting. he is fully engaged in the conference. this past summer the mayor was kind enough to host us at gracie mansion or what we are calling a task force named the new cities of opportunity. transportation, income inequality broadband, income inequality -- broadband, he doesn't all. we want to offer our sip the for -- sympathy for officers ramos an liu. give a round of applause for mayor deblasio. [applause] >> it is such a pleasure to be here with colleagues. every time i come here, to hear the extraordinary things each and every one of you are doing. i hope you feel what i feel when you come here. you get a sense of inspiration and inferring from your fellow mayors who in so many cases are making things happen against all the odds. i just want to thank everyone for being part of this meeting. now as to our leader, i always t

>> joe reilly. >> round of applause for all of our mayors. [ applause ] all right. thank you. >>> all right. so mayors if you wouldn't mind, grab your seats. i need a little music, get people in the mood as we're going to gather to our seats. ♪ ♪ i feel nice like sugar and spice ♪ ♪ i feel nice like sugar and spice ♪ ♪ so nice so nice i got you ♪ ♪ when i hold you in my arms ♪ ♪ i know that i can do no wrong ♪ ♪ and when i hold in my arms ♪ >> all right we are good with the music. thank you. all right mayors we got to have you grab your seats. we need security to get our secretaries on their way. where's security? mayor fox, secretary fox, please. secretary castro. secretary castro. secretary castro. vamonos. i am pleased to bring our next speaker out since he was elected mayor of the great city of new york one year ago he has not missed a winter annual meeting. he's fully engaged in the conference. this past summer in august the mayor was kind enough to host us at gracie mansion for what we're calling a task force named the new cities of opportunities. housing, tra

downer joining joining me is the joe paul riley reilly. >> we had record assets under administration.nder management. record net loans, added 71 net financial advisers. so the basic parts of the business, the drivers, were all up, so that's a good portent into the future in an uncertain market as everybody talks about what's happening with interest rates in the market. >> i want to talk about rates but what about the capital market portion? why the challenges there? >> first, people are worried, we do have a practice in canada and the u.s. that's strong in the energy sector and certainly that's been off a little bit. even though if it stays down m&a activity will pick up that will lag. that's been a little challenging. financings have been challenging. m&a and sales and trading have been good but the markets have been lumpy. >> we hear a lot of talk about people either on the equity side or the credit side wanting to nibble and get involved but how long realistically do you think it's going to be before we see people looking for opportunities, a bottom in the energy market and that pi